If the DOL Investigates You…
Here are five FAQs about Department of Labor investigations of retirement plan advisers, and answers from attorneys at the prominent ERISA law firm Faegre Drinker. (Photo: Labor Secretary Marty Walsh.)
US Equity Flows Cool Down in April: Morningstar
After record inflows of $54 bn in March, US equity funds shed over $500 million in April. Large-blend funds saw roughly flat net flows in April after collecting $25 billion in March.
'Robinhood' Effect
24 billion trades recorded on last January 27: Cerulli
The infamous short-squeeze craze of 2021, led by Millennial and Gen-Z investors on Reddit, led to an average of 15 billion trades per day executed in January 2021.
Not Yet Legal in the US: CRITs
Collective Retirement Income Trusts resemble variable income annuities, but without explicit guarantees. These group arrangements could help retirees turn part of their 401(k) or IRA savings into rising income for life, writes this actuary and CFP.
Honorable Mention
Under proposed bill, non-profits could join PEPs; NY ruling on Reg 187 could help life sales: AM Best; Jason Fichtner named chief economist at Bipartisan Policy Center; John Thiel joins LifeYield’s board.
COVER STORIES YOU MAY HAVE MISSED
May 13, 2021
Merton and Muralidhar’s Retirement Income Vision
In this video, Nobel laureate Robert Merton (in photo) and Arun Muralidhar talk about SeLFIES, their solution to the retirement income challenge.
May 6, 2021
Secure 2.0: A Booster Shot for Qualified Savings Industry
The proposed bill would allow ETFs in variable annuities and remove the 25% limit on the share of IRA money that can be used to buy a Qualified Longevity Annuity Contract. But it would...
April 29, 2021
Research Roundup
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
